Eastern Asia: Market for Equipment For Scaffolding, Shuttering, Propping Or Pit Propping 2025

Market Size for Equipment For Scaffolding, Shuttering, Propping Or Pit Propping in Eastern Asia

In 2021, the East Asian market for equipment for scaffolding, shuttering, propping or pit propping decreased by -0.5% to $X for the first time since 2017, thus ending a three-year rising trend. The market value increased at an average annual rate of +2.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2020, and then dropped in the following year.

Production of Equipment For Scaffolding, Shuttering, Propping Or Pit Propping in Eastern Asia

In value terms, scaffolding, shuttering, and propping equipment production reduced modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.1% from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2016 with an increase of 16% against the previous year. Over the period under review, production attained the peak level at $X in 2020, and then shrank in the following year.

Exports of Equipment For Scaffolding, Shuttering, Propping Or Pit Propping

Exports in Eastern Asia

In 2021, the amount of equipment for scaffolding, shuttering, propping or pit propping exported in Eastern Asia rose rapidly to X tons, picking up by 5.6% compared with 2020. The total export volume increased at an average annual rate of +1.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2014 with an increase of 21%. Over the period under review, the exports hit record highs at X tons in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, scaffolding, shuttering, and propping equipment exports surged to $X in 2021. The total export value increased at an average annual rate of +2.5% over the period from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2014 with an increase of 20%. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

China represented the major exporting country with an export of about X tons, which amounted to 82% of total exports. It was distantly followed by South Korea (X tons), comprising a 16% share of total exports. Japan (X tons) followed a long way behind the leaders.

Exports from China increased at an average annual rate of +2.4% from 2012 to 2021. At the same time, Japan (+5.8%) displayed positive paces of growth. Moreover, Japan emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +5.8% from 2012-2021. By contrast, South Korea (-1.2%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China increased by +4.4 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest scaffolding, shuttering, and propping equipment supplier in Eastern Asia, comprising 81% of total exports. The second position in the ranking was taken by South Korea ($X), with a 17% share of total exports.

From 2012 to 2021, the average annual growth rate of value in China stood at +4.1%. In the other countries, the average annual rates were as follows: South Korea (-2.5% per year) and Japan (+1.7% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2021, rising by 12% against the previous year. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the export price increased by 13% against the previous year. Over the period under review, the export prices attained the maximum in 2021 and is likely to see gradual growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was South Korea ($X per ton), while Japan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+1.7%), while the other leaders experienced a decline in the export price figures.

Imports of Equipment For Scaffolding, Shuttering, Propping Or Pit Propping

Imports in Eastern Asia

In 2021, the amount of equipment for scaffolding, shuttering, propping or pit propping imported in Eastern Asia expanded rapidly to X tons, growing by 10% compared with the year before. The total import volume increased at an average annual rate of +6.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2014 when imports increased by 39% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, scaffolding, shuttering, and propping equipment imports skyrocketed to $X in 2021. Total imports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +6.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -1.1% against 2019 indices. The pace of growth was the most pronounced in 2014 with an increase of 44% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Japan represented the main importer of equipment for scaffolding, shuttering, propping or pit propping in Eastern Asia, with the volume of imports finishing at X tons, which was near 53% of total imports in 2021. It was distantly followed by Hong Kong SAR (X tons), South Korea (X tons), Taiwan (Chinese) (X tons) and China (X tons), together comprising a 43% share of total imports. Macao SAR (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to scaffolding, shuttering, and propping equipment imports into Japan stood at +5.4%. At the same time, Macao SAR (+25.9%), South Korea (+13.8%), China (+13.5%), Hong Kong SAR (+4.4%) and Taiwan (Chinese) (+3.5%) displayed positive paces of growth. Moreover, Macao SAR emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +25.9% from 2012-2021. While the share of South Korea (+4.7 p.p.), Macao SAR (+3.2 p.p.) and China (+2.3 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Japan (-3 p.p.) and Hong Kong SAR (-3.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) constitutes the largest market for imported equipment for scaffolding, shuttering, propping or pit propping in Eastern Asia, comprising 61% of total imports. The second position in the ranking was taken by Hong Kong SAR ($X), with a 17% share of total imports. It was followed by South Korea, with an 11% share.

In Japan, scaffolding, shuttering, and propping equipment imports expanded at an average annual rate of +5.9% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Hong Kong SAR (+6.1% per year) and South Korea (+8.1% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2021, with an increase of 5.3% against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the import price increased by 9.7%. The level of import peaked at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Japan ($X per ton), while Macao SAR ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+3.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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